Provided by Summit Financial Advisors
From mortgages to utility bills, you have many monthly financial obligations to fulfill, and the ongoing billing cycle can make planning for tomorrow seem impossible. Before you look to the future, however, it's important that you make your everyday expenses more manageable.
To begin, get a handle on overspending. Cut back on dining out, excessive cable packages or impulse buys. Then, look at consolidating excess debts. Try combining smaller loans into one larger loan or refinancing credit card debt at a lower interest rate. Another thing you can do is segment and prioritize your debts. Prioritize and pay all essential debts first, followed by nonessential debts.
Finally, if possible, increase your income. By looking for a temporary second job, applying for a better paying job, increasing your hours, selling assets or determining if you're eligible for government assistance, you could help pay down some of your obligatory monthly payments.
It's important that you take these steps today, so you can achieve your financial goals for the future, some of which likely include:
• Health care expenses
• Education costs
• Caring for aging parents
• Retiring with comfortable savings
• Maintaining your family home
If you want to feel more balanced in your present and future financial life, schedule an appointment with a financial professional today. This face-to-face conversation has no obligations and no minimum investment amount to give you a little more peace of mind.
To schedule a time to chat with a Summit Financial Advisor, call 800-236-5560, ext. 4012 or online.
Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. CBSI-2972331.1-0220-0322